Stumble and I see problem 3 with so many small cos that have their head set on GIA. Ultimately, because they can never launch a drug like BP can, sales drag and as time passes, new alternatives arise and BP then becomes interested in the new shiny thing not the thing that has been stagnating. There is a small window for selling to BP - miss it and you are screwed.
Also I never answered you with respect to GERN. But over the last 15 years, I can't remember how many times I bought into that stock only to get fatigued waiting and selling out.